NexGen Energy Ltd. (TSE:NXE) Given Consensus Recommendation of “Buy” by Brokerages

NexGen Energy Ltd. (TSE:NXE) has received a consensus rating of “Buy” from the seven analysts that are currently covering the firm, Marketbeat reports. Seven analysts have rated the stock with a buy recommendation. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is C$19.86.

Separately, Jefferies Financial Group set a C$21.00 price target on NexGen Energy and gave the company a “buy” rating in a research note on Thursday.

NexGen Energy Stock Performance

NexGen Energy stock traded up C$0.62 during midday trading on Thursday, hitting C$14.74. The company’s stock had a trading volume of 950,391 shares, compared to its average volume of 1,973,413. The company has a debt-to-equity ratio of 33.24, a current ratio of 1.46 and a quick ratio of 8.20. The company has a market cap of C$9.88 billion, a price-to-earnings ratio of -35.10 and a beta of 1.19. NexGen Energy has a 1-year low of C$10.34 and a 1-year high of C$18.91. The company has a 50-day moving average price of C$13.76 and a two-hundred day moving average price of C$15.25.

NexGen Energy (TSE:NXE) last released its earnings results on Wednesday, August 5th. The company reported C($0.02) earnings per share (EPS) for the quarter. As a group, sell-side analysts predict that NexGen Energy will post -0.07 earnings per share for the current year.

NexGen Energy Company Profile

NexGen Energy is a Canadian company focused on delivering clean energy fuel for the future. The Company’s flagship Rook I Project is being optimally developed into the largest low-cost producing uranium mine globally, incorporating the most elite environmental and social governance standards. The Rook I Project is supported by an N.I. 43-101 compliant Feasibility Study, which outlines the elite environmental performance and industry-leading economics. NexGen is led by a team of experienced uranium and mining industry professionals with expertise across the entire mining life cycle, including exploration, financing, project engineering and construction, operations and closure.